Blue-chip index for India
Dow Jones Indexes is expanding its Dow Jones Global Titans family by adding a blue-chip index for India. The launch of the Dow Jones India Titans 30 was announced by Rupert Murdoch, the chairman and chief executive of News Corporation in Mumbai.
“The growing importance of India to the world and to Dow Jones and News Corporation is obvious to all. What the world needs is a trusted means of measuring this country’s development and an index that can be used by investors around the world to track the progress of Indian companies and the Indian economy,” Murdoch said.
The Dow Jones India Titans 30 measures the performance of the 30 largest and most liquid stocks listed on the Bombay Stock Exchange and the National Stock Exchange of India. The composition of the index is based on ranking by free-float market capitalisation and 12-month average daily trading volume.
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